Essential Utilities Boosts Dividend By 7% From $0.2870 To $0.3071 Per Share
Portfolio Pulse from Benzinga Newsdesk
Essential Utilities has announced a 7% increase in its dividend from $0.2870 to $0.3071 per share, payable on September 1, 2023, to all shareholders of record on August 11, 2023.
August 04, 2023 | 10:38 am
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POSITIVE IMPACT
Essential Utilities (WTRG) has increased its dividend by 7%, which may attract income-focused investors and potentially boost the stock price.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could attract income-focused investors, potentially leading to an increase in demand for the stock and a rise in its price.
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IMPORTANCE 70
RELEVANCE 100